Crediting Rates - LUCRF Pensions
Last Updated 14/08/2008
|
Investment option
|
Financial Year to Date
Final crediting rate for period 1 July 2008 to 11 August 2008 |
Historical
monthly rates |
|
Cash
|
0.81%
|
|
|
Property
|
4.04%
|
|
|
Balanced
|
0.35%
|
|
|
Indexed Shares
|
1.39%
|
|
|
Australian Shares
|
(1.07%)
|
|
|
International Shares
|
1.78%
|
How are annual returns determined on my account at the end of financial year (EFY)?
Returns are calculated each week, based on the total investment earnings of each option. LUCRF Pensions typically sets final weekly declared rates on each Thursday for the preceding Monday. LUCRF Pensions also sets the declared monthly rates by the fifth working day of the following month. These rates are used to calculate the declared rates that are credited to your LUCRF Pensions account at the end of financial year (30 June) based on your daily account balance during that year.
How are rates of return determined for commutations on Allocated Pensions?
Commutation Payments
Effective from 1st February 2008, where members request full or partial commutations, they will receive the latest weekly declared rate (post date of receipt of the benefit payment request) and then the net cash rate to the date of payment.
Note: The net cash rate is the after-tax rate determined by LUCRF Super.
What will it cost to change my investment option?
There is no fee applied when you switch your investment options.
When will my change of investment option take effect and how are rates of return applied?
Member investment choice switches will apply with effect from the Monday after the receipt of an Application to Change Investment Option Form at a LUCRF Super office. If the Monday is a Public holiday in Melbourne, then the switch will apply from the next working day. LUCRF Pensions typically sets final weekly declared rates on each Thursday for the preceding Monday.
|
Investment option
|
2007-
2008 |
|
Balanced
|
(6.20)
|
|
Indexed Shares
|
(17.10)
|
|
Cash
|
6.67
|
|
International Shares
|
(20.52)
|
|
Australian Shares
|
(12.33)
|
|
Property
|
(37.49)
|
|
Australian Fixed Interest*
|
5.14
|
* Australian Fixed Interest Investment option closed 1st April 2008
Please note: LUCRF Super Accumulation Account (Industry Fund and Personal Plan) Crediting Rates can be viewed here.
